Oracle, one of the world’s leading technology companies, has recently introduced a new AI technology that can accurately determine lead times. This technology is set to revolutionize the way businesses operate by providing them with more accurate and reliable information about their supply chain.
Lead time is the amount of time it takes for a product to be delivered from the time it is ordered. It is an essential metric for businesses as it helps them plan their production schedules, manage inventory levels, and meet customer demand. However, determining lead times can be a complex and challenging task, especially for businesses that rely on multiple suppliers and vendors.
Oracle’s new AI technology uses machine learning algorithms to analyze historical data and predict future lead times accurately. The system takes into account various factors such as supplier performance, shipping times, and production schedules to provide businesses with a more accurate estimate of when their products will be delivered.
The technology also provides businesses with real-time updates on their supply chain, allowing them to make informed decisions about inventory levels and production schedules. This information can help businesses reduce lead times, improve customer satisfaction, and increase profitability.
One of the key benefits of Oracle’s AI technology is its ability to learn and adapt over time. As more data is collected, the system becomes more accurate and reliable, providing businesses with even more valuable insights into their supply chain.
The introduction of this technology is particularly timely given the current global pandemic. The COVID-19 outbreak has disrupted supply chains worldwide, causing delays and shortages in many industries. Oracle’s AI technology can help businesses navigate these challenges by providing them with real-time information about their supply chain and helping them make informed decisions about inventory levels and production schedules.
In conclusion, Oracle’s new AI technology is set to revolutionize the way businesses operate by providing them with more accurate and reliable information about their supply chain. By using machine learning algorithms to analyze historical data and predict future lead times, the system can help businesses reduce lead times, improve customer satisfaction, and increase profitability. As the technology continues to learn and adapt over time, it will become an essential tool for businesses looking to stay ahead of the competition in an increasingly complex and challenging global marketplace.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: Plato Data Intelligence: PlatoData